SELDON CAPITAL LP
Long book
$272.0M
Q1 2026
Positions
65
Top-10 weight
55%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsSELDON CAPITAL LP is an institutional manager, running a $272.0M US long book across 65 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BENTLEY SYSTEMS INC-CLASS B, CELESTICA INC, TALEN ENERGY CORP, QUIMICA Y MINERA CHIL-SP ADR, VANGUARD TOTAL STOCK MKT ETF.
Over the last 9 quarters its long book ran on average 4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.2%
Q2 2024
+4.1%
Q3 2024
+23.9%
Q4 2024
-12.5%
Q1 2025
+24.7%
Q2 2025
+12.9%
Q3 2025
+6.8%
Q4 2025
-0.5%
Q1 2026
+9.8%
Sector allocation
Technology 55%
Utilities 11%
Materials 9%
Financials 8%
Energy 7%
Consumer staples 5%
Other 3%
Consumer discretionary 1%
Long book by quarter
What does SELDON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BSY BENTLEY SYSTEMS INC-CLASS B | Technology | 793.4K | $27.9M | 10.2% | New |
| CLS CELESTICA INC | Technology | 70.8K | $19.9M | 7.3% | -24.4% |
| TLN TALEN ENERGY CORP | Utilities | 55.8K | $17.8M | 6.5% | -21.3% |
| LAR LITHIUM ARGENTINA AG | Materials | 1.9M | $12.4M | 4.6% | -13.5% |
| EQT EQT CORP | Energy | 176.5K | $11.2M | 4.1% | +44.5% |
| INTC INTEL CORP | Technology | 226.1K | $10.0M | 3.7% | Held |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 674.6K | $9.7M | 3.6% | +1.2% |
| TER TERADYNE INC | Technology | 27.3K | $8.1M | 3.0% | -26.9% |
| SFD SMITHFIELD FOODS INC | Consumer staples | 274.8K | $7.7M | 2.8% | +145.0% |
| AAPL APPLE INC | Technology | 23.3K | $5.9M | 2.2% | Held |
| CF CF INDUSTRIES HOLDINGS INC | Other | 41.7K | $5.4M | 2.0% | New |
| VRT VERTIV HOLDINGS CO-A | Technology | 19.3K | $4.8M | 1.8% | +6.6% |
| FSLY FASTLY INC - CLASS A | Technology | 151.3K | $4.4M | 1.6% | New |
| NVDA NVIDIA CORP | Technology | 17.8K | $3.1M | 1.1% | Held |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 1.4K | $2.7M | 1.0% | -46.8% |
| LXU LSB INDUSTRIES INC | Materials | 153.3K | $2.3M | 0.8% | New |
| GOOGL ALPHABET INC-CL A | Technology | 7.7K | $2.2M | 0.8% | Held |
| MSFT MICROSOFT CORP | Technology | 5.1K | $1.9M | 0.7% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 5.3K | $1.1M | 0.4% | Held |
| U UNITY SOFTWARE INC | Technology | 49.0K | $1.1M | 0.4% | -39.3% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4K | $791K | 0.3% | Held |
| AVGO BROADCOM INC | Technology | 1.9K | $594K | 0.2% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.5K | $452K | 0.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.7K | $419K | 0.2% | Held |
| AU ANGLOGOLD ASHANTI PLC | Materials | 4.0K | $389K | 0.1% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 1.1K | $385K | 0.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 404 | $372K | 0.1% | Held |
| VSXY VICTORIA'S SECRET & CO | Consumer discretionary | 7.5K | $348K | 0.1% | -95.2% |
| WMT WALMART INC | Consumer discretionary | 2.8K | $342K | 0.1% | Held |
| APH AMPHENOL CORP-CL A | Technology | 2.7K | $337K | 0.1% | Held |
| ORCL ORACLE CORP | Technology | 2.3K | $333K | 0.1% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 1.5K | $329K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 825 | $271K | 0.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 5.5K | $268K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.8K | $264K | 0.1% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 238 | $237K | 0.1% | Held |
| MA MASTERCARD INC - A | Services media | 454 | $227K | 0.1% | Held |
| MRK MERCK & CO. INC. | Healthcare | 1.9K | $225K | 0.1% | New |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 462 | $213K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 65 | $272.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 65 | $288.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 70 | $284.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 67 | $230.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 58 | $158.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 67 | $244.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 65 | $177.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 61 | $183.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 58 | $165.1M | canonical | SEC ↗ |
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